Research On Debt Restructuring Of Listed Companies In China

With the development of China's securities market, listed companies increasing scale of the development of our national economy plays an important role, but to a large extent affect social stability. However, the balance of some listed companies is high, the debt structure is not reasonable, has restricted the development of China's listed companies is an important factor. Debt restructuring is an effective way to solve over-indebtedness. ST Baoshuo Based on the analysis of the case debt restructuring the company, draw some conclusions, and revelation to the liabilities of enterprises in other transition serve as a model.In this paper, the content is divided into five chapters:Chapterâ… , Introduction. This chapter, based on the literature review, describes the purpose of this study, research ideas, research methods and research framework.The second chapter overview of the theory of debt restructuring. This chapter discusses the definition of debt restructuring, debt restructuring, debt restructuring purposes, the contents of the debt restructuring, debt restructuring of the revised course. The definition of debt restructuring is mainly two types of broad debt restructuring, and the other in the narrow sense of debt restructuring. Creditor and the debtor debt restructuring. The choice of a variety of ways. The main objective of debt restructuring is to ease the financial difficulties of the debtor's temporary, so that production and management into a virtuous circle; creditors to make an inventory of assets, to maximize the recovery of claims. Guidelines for debt restructuring in China several times amended in June 1998, the Ministry of Finance issued "Accounting Standards for Enterprises-Debt Restructuring"; December 2000 the Ministry of Finance has revised the guidelines; 2006 introduced new accounting standards on debt restructuring to was again revised. Chapter III, ST Baoshuo the effect of debt restructuring. This chapter describes the background ST Baoshuo case, based on the restructuring of corporate debt, debt restructuring, debt restructuring, the contents of the analysis, summarizes the effect of the implementation of debt restructuring. February 5, 2008, Baoding Intermediate People's Court approved the company's "re-draft plan" to terminate the company's bankruptcy reorganization process. Implementation of restructuring plans for three years during this period, the company will strictly follow the program of debt repayment plan developed by the creditor to pay off debt and bankruptcy costs at any time to pay a total interest debt.Chapter IV, ST Baoshuo Effect of debt restructuring, analysis of the characteristics of corporate debt restructuring, the need for the implementation of debt restructuring, and restructuring the company's financial position, and so on. Chapter V, ST Baoshuo debt restructuring case study conclusions and enlightenment. ST Baoshuo through the analysis of corporate debt restructuring, and concludedExpected contributions of this paper are:(1) of the current difficulties of the corporate debt restructuring, very little research out of the woods, this article ST Baoshuo select cases for debt restructuring study to explore the content and debt restructuring process; (2) This Through analysis, find ST Baoshuo virtuous circle of production and management company into a key transitional liability of other businesses play an important role model.Inadequacies of this article:(1) This article refers to the data with some limitations; (2) can learn from the references is limited; (3)I theoretical knowledge and practical experience of the constraints and limited space on the resulting revelation of a deep level fail.